Horizon Technology Finance Corp (HRZN) Earning Somewhat Favorable News Coverage, AlphaOne Reports

Headlines about Horizon Technology Finance Corp (NASDAQ:HRZN) have been trending somewhat positive this week, according to Alpha One Sentiment. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Horizon Technology Finance Corp earned a media sentiment score of 0.09 on Alpha One’s scale. Alpha One also gave news coverage about the investment management company an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for Horizon Technology Finance Corp (NASDAQ:HRZN)

Shares of Horizon Technology Finance Corp (HRZN) traded down 0.1211% on Tuesday, hitting $11.2963. The stock had a trading volume of 16,232 shares. Horizon Technology Finance Corp has a 52 week low of $9.64 and a 52 week high of $13.95. The company has a 50-day moving average of $11.25 and a 200 day moving average of $11.16.

Horizon Technology Finance Corp (NASDAQ:HRZN) last released its earnings results on Tuesday, May 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. The business had revenue of $6.96 million during the quarter, compared to the consensus estimate of $6.90 million. Horizon Technology Finance Corp had a net margin of 50.40% and a return on equity of 10.52%. Analysts forecast that Horizon Technology Finance Corp will post $1.15 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, July 14th. Stockholders of record on Tuesday, June 20th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.61%. The ex-dividend date is Friday, June 16th. Horizon Technology Finance Corp’s dividend payout ratio is presently -521.72%.

Several brokerages have recently commented on HRZN. Zacks Investment Research downgraded Horizon Technology Finance Corp from a “hold” rating to a “strong sell” rating in a research note on Friday, May 5th. Keefe, Bruyette & Woods set a $11.00 target price on Horizon Technology Finance Corp and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, National Securities reiterated a “neutral” rating and set a $11.00 target price on shares of Horizon Technology Finance Corp in a research note on Monday, May 8th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.57.

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In other Horizon Technology Finance Corp news, Director Joseph J. Savage bought 7,000 shares of Horizon Technology Finance Corp stock in a transaction dated Monday, May 8th. The stock was bought at an average cost of $11.27 per share, with a total value of $78,890.00. Following the completion of the acquisition, the director now directly owns 8,500 shares in the company, valued at approximately $95,795. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

About Horizon Technology Finance Corp

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HRZN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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